5.3 acres of development land for sale in Turks & Caicos located in Turtle Cove on the north shore of Providenciales.
Turtle Cove, Providenciales, Turks & Caicos – Development Land for Sale
Spanning 5.3 acres from road to road with 400 feet of frontage, this is the only large parcel of land for sale in Turtle Cove and represents a great development opportunity in a prime spot on the central north coast of Providenciales in the Turks & Caicos Islands.
Enjoying a hillside location, the property benefits from cooling breezes and enjoys unrivaled panoramic views of the beautiful north shore.
This parcel of land includes an existing apartment building set on 0.85 acres of the prime ridge top.
The 2 storey building features 6 duplex apartments which generate a net income in excess of US $70,000 p.a.
The apartments feature 2 bedrooms and 1.5 bathrooms and, thanks to the ridge top location, offer wonderful views of the coastline and ocean.
Electricity, water, telephone and TV are all already in place and provided to the apartments.
Excellent Development Opportunity
This parcel of land represents a prime opportunity to invest in Turtle Cove real estate.
With only 0.85 acres of the total 5.3 acres developed, there is plenty of space available for development which could include replacing the existing apartment building.
The available space and location would allow for the development of 5-storey buildings within current regulations, including construction of residences, roof-top restaurant and bar, together with retail and/or office space adjacent to the roads.
Development potential would be expected to yield significant returns as the land is zoned multi-residential/commercial in a highly sought after touristic area.
Turtle Cove, Providenciales
This parcel of land is located very close to several well established resorts.
There are various restaurants, bars and shops within walking distance.
All the facilities of Turtle Cove Marina, as well as the white sand beach and turquoise ocean, are also located just a short stroll away.
Providenciales International Airport, supermarkets, churches, clinics, doctors, schools, banks, lawyers, entertainment, golf course, casino and other amenities are a few minutes drive away.
A Snapshot of Turks & Caicos
Top 3 Reasons to Invest in Turks & Caicos
- Highly attractive real estate market with sales of over $134 million in the second quarter of 2016.
- Sophisticated destination with some of the Caribbean's most luxurious homes for sale and most prestigious hotels and resorts.
- As one of the Caribbean's fastest-growing tourism destination, the Turks & Caicos Islands offers home owners very high rental income generating potential.